LBS Perks & Plusses Loyalty Program Unlock Event

Tan Sri Ir Lim Hock San and Datuk Wira Joey Lim Hock Guan alongside 26 collaborative partners during the official unlocking of LBS Perks and Plusses.

Revamped inside out, our Customer Loyalty Programme was reintroduced last Saturday at our award-winning KITA @ Cybersouth sales gallery. The promising crowd is definitely a reflection of our commitment to enhancing your homebuying journey!

2024 Malaysia’s Most Preferred Graduates’ Choice of Employers to Work For (Graduates’ Choice Award)

We are pleased to announce that LBS Bina Group Berhad has officially clinched a spot in the prestigious “2024 Graduates’ Choice of Employers to Work for” lineup, curated by none other than Talentbank for the 2nd consecutive year! Involving an astounding 400,000 votes from bright minds in universities across Malaysia, this encore performance marks our second consecutive win. So, if you’re on the hunt for an electrifying career in the property developer sector, come ride the wave of opportunities with us.

The Edge Malaysia Centurion Club Awards 2023

We are thrilled to have clinched the Highest Growth in Profit After Tax over three years in the Property Sector at The Edge Malaysia Centurion Club Awards 2023. Heartfelt thank you for helping us achieve our incredible success! 

Merdeka 2023 Best Slogan Giveaway

Merdeka 2023 Best Slogan Giveaway (“Contest”)

The Contest is organised by LBS Bina Group Berhad (hereinafter known as “the Organiser”). By participating in the Contest, you agree to be bound by the following terms and conditions as stipulated herein (consisting of the General Terms and Conditions and the Specific Terms and Conditions) between you and the Organiser (“Contest Terms”). By participating in this Contest, you are deemed to have read and agree to the Contest Terms herein mentioned. You agree that the Organiser may include additional terms to and/or vary the Contest Terms at our sole discretion at any point of time and any additional and/or variation of the terms shall be incorporated by reference immediately at the point of time in which it is implemented. You are advised to visit this page from time to time to be updated of the latest Contest Terms.

In the event of any inconsistency between any terms and conditions stipulated in any of the Organiser’s marketing brochures, leaflets, buntings, or otherwise any other platforms and the Contest Terms stipulated herein, the latest Contest Terms shall prevail.

A. GENERAL TERMS & CONDITIONS

1. CAPACITY AND REPRESENTATION

1.1 To be eligible to participate in the Contest, you must be a Malaysian having a Malaysia NRIC, aged eighteen (18) and above in Malaysia or have attained an age of majority in the jurisdiction in which you are domiciled to enter legally binding contracts.

1.2 You acknowledge and agree that all information provided by you which will be relied upon by the Organiser is true, accurate, and not misleading. The Organiser reserves the right to request for more information from you in the event the information provided by you is deemed insufficient failure by which may result in your disqualification from the Contest.

1.3 You shall be responsible to update us immediately in the event that you discover that any information made by you is erroneous, outdated, or insufficient. Kindly note that failure by you to provide the necessary information to us may result in your disqualification from the Contest.

1.4 You further acknowledge that we will rely on any information provided by you and that any false, inaccurate, and/or misleading information may cause losses and damage to us. You agree to hold harmless and indemnify us, our directors, our employees, our agents, our affiliates, and any other third parties facilitating the Contest from the losses and damage suffered as a result of the false, inaccurate and/or misleading information provided by you.

1.5 You shall not use the Contest as a means or manner to facilitate or promote any illegal, immoral, violence, hate speech, racially disparaging, defamatory and/or fraudulent content (hereinafter be referred to as “Refrained Content”) wherein any evidence of such Refrained Content occurring outof this Contest, the Organiser shall not be made responsible whatsoever and you will be subjected to a disqualification by the Organiser.

1.6 By participating or entering this Contest, you are not violating any constitutive documents, applicable law, policies, regulation, rules, other terms, and conditions, and/or contracts that you have entered, agreed, or bound into with any third parties in any jurisdiction.

1.7 You will comply with all applicable laws, by-laws, rules, regulations, policies, instructions, directions, orders and/or directives from the Organiser, any governmental organization, and/or relevant authorities.

 

2. PRIVACY

2.1 All information provided by you shall be collected, stored, used, and retained by us in accordance with our Personal Data Protection Act Notice. You are to read, acknowledge and accept our Personal Data Protection Act Notice which is incorporated by reference herein and can be found at https://lbs.com.my

3. TAX AND DISBURSEMENTS FEES

3.1 You shall bear all expenses including but not limited to transportation, personal expenses, insurance, stamp duties, transfer fees, taxes, any other duties and/or any other costs, fees and/or related expenses incurred pertaining to the Prize (hereinafter defined).

3.2 You shall be solely responsible to declare your Prize winnings with the relevant tax authorities and pay for any levy, duty, charges, and tax that is imposed (if any). The Organiser shall not in any way be held liable to pay any charges, tax, levy, fines and/or duty that are imposed on the Winners by the relevant tax authorities for the Prize winnings.

 

4. PRIZES

4.1 The Organiser shall not assume any liability and responsibility whatsoever in the event of any mishaps, injuries, damages, death, claims and/or accidents suffered by your participation in the Contest and/or from the use of the Prizes.

4.2 You shall hold harmless the Organiser against any liability and claims and agree to indemnify the Organiser completely against any claims, damages, losses, and liability arising from and/or in relation to your use of the Prizes.

4.3 You agree and acknowledge that the Organiser provides no representation or warranty of any kind whatsoever in respect of any defect or other faults in relation to the Prize, and that the Prize displayed in any marketing or promotional materials are for illustration purposes only which may not depict the actual color, material, model, and/or specification of the actual Prize.

4.4 The Organiser shall not be liable to compensate and/or rectify any defect or other faults in the Prizes. You shall contact and refer to the supplier, manufacturer, distributor and/or reseller of the Prizes in the event that you have any queries, concerns, and issues regarding the Prizes.

4.5 The Organiser shall not be liable to compensate and/or rectify any defect or other faults in the Prizes. You shall contact and refer to the supplier, manufacturer, distributor and/or reseller of the Prizes in the event that you have any queries, concerns, and issues regarding the Prizes.

4.6 You agree that the Prize is non-transferable, non-refundable, non-exchangeable for cash without the Organizer’s express written consent. The Organizer reserves the right to substitute any Prize with that of a similar value without prior notice to you.

 

5. INDEMNITY

5.1 You agree to indemnify and keep indemnified the Organiser, its directors, employees, agents, affiliates, and any other third parties facilitating the Contest against all liabilities, losses, damages, and expenses which the Organiser may incur or suffer as a result of or in connection with and any breach and violation of Contest Terms herein or any representation or warranty given by you.

 

6. PROMOTIONAL MATERIALS

6.1 You agree that the Organiser shall have the right to interview you, take photographs, and videos as well as use your personal details which shall include your name(s) for our marketing campaign materials for the purposes of advertising, trade and/or publicity in accordance to the Privacy clause above. You acknowledge that any interview results, photographs and videos shall be solely owned by us.

 

7. MISCELLANEOUS

7.1 The Organiser reserves the right at its sole discretion to suspend, modify, extend, delay, or terminate the Contest at any time without prior notice to you.

7.2 Any decisions taken by the Organiser are final and binding on you and the Organiser shall not be obliged to entertain any queries, claims, requests, or correspondences after the decision of the Organizer has been made.

7.3 The Organiser shall have the absolute right to disqualify any individual that it determines to be tampering with and/or disrupting the operations of the Contest, and/or to be acting in breach or potential breach of these Contest Terms.

7.4 Any provisions applicable to this Contest which is prohibited or unenforceable under any law or regulation shall be ineffective to the extent of such illegality, voidness, prohibition, or unenforceability without invalidating the remaining provisions.

 

8. DISCLOSURE

8.1 This Contest is in no way sponsored, endorsed or administered by, or associated with Meta Platforms, Inc (formerly known as Facebook, Inc). The Organiser expressly excludes any losses, claims, and/or actions arising from any glitch, malfunction, shut down, and/or otherwise use arising specifically from Facebook, Instagram or any platform (whether or not derivative) from Meta Platforms Inc.

 

B. SPECIFIC TERMS AND CONDITIONS

The Contest Period

The period shall commence from 28th August 2023 and shall end on 15th September 2023 at 11.59 pm (“Contest Period”). The Organiser reserves the absolute right to extend or vary the Contest Period at its sole discretion. All entries received before and after the Contest Period shall be invalid and will not be entertained by the Organiser.

 

Method of Participation

This Contest will be divided into 3 parts as follows: –

a) 1 st Part: from 28th August 2023 to 1 st September 2023 expiring at 11.59pm;

b) 2 nd Part: from 4 th September 2023 to 8 th September 2023 expiring at 11.59pm; and

c) 3 rd Part: from 11th September 2023 to 15 th September 2023 expiring at 11.59pm

with each part being held over the course of 5 days with 3 different Contest posting (“Contest Posting”) being posted by the Organiser for each part. The participants will have to create a unique slogan that captures the essence of community unity and the spirit of Merdeka specifically based on the theme of each of the Contest Posting in the comment section to stand a chance to win prizes.

 

To participate in the Contest and be eligible to win the Prizes: –

i. Participants must “LIKE” and “FOLLOW” the Organiser’s Facebook (@LBSBinaGroup) and Instagram (@lbsbinagroup) social media platforms respectively and remain liked and followed throughout the Contest Period;

ii. Participants must comment their slogans, not more than 20 words on the Contest Posting. Each participant is allowed one entry for each part.

iii. Participants must “like” the Contest Posting and make sure that their Instagram and Facebook profile is set to ‘Public’ to ensure the comment can be viewed by the Organiser.

 

Contest Visual / Posting

 

Contest Prizes

The Organizer shall announce the winners of each part of the Contest at the end of each part as follows: –

• 1 st Part: by Saturday, 2nd September 2023;

• 2 nd Part: by Saturday, 9th September 2023; and

• 3 rd Part: by Saturday, 16th September 2023.

All three (3) dates abovementioned shall be defined as “Winner Announcement Date”.

 

Selection of Winners

Winners will be randomly selected from the comment section after the end of each part of the Contest on the Winner Announcement Date. The winners will be selected randomly via a computer process that produces a verifiably random result from those valid entries received during the Contest Period.

 

Prize Redemption Details

  • The winners shall within seven (7) days upon being selected, be required to send their personal details including but not limited to their full name, email address and contact number through Facebook or Instagram ‘Direct Message’ (DM) function for the Organizer to correspond with the winner accordingly for prize claiming process.
  • The Organiser shall deliver the Touch ‘n Go eWallet Reload Pin to all the winners through an email.
  • The Organiser will not be held responsible and reserves the right to forfeit and/or assign the prizes to another participant should the initial winner(s) fail and/or neglects to provide the required details within stipulated time frame and/or to comply with the instructions of the Organizer.

 

DISQUALIFICATION

The Organizer reserves the right to disqualify: –

a) Any submissions in the above-mentioned terms and conditions in the event that; the submission of any photo(s), screenshot(s) and/or image(s) relevant are manipulated, blur, unclear, and/or containing inappropriate content, including but not limited to vulgarity, obscenity, lewd, pornographic or violent material, or materials which promote violence or which disparages the Organizer or any other person or entity, or contain trademarked or copyrighted material.

b) Any entry which the Organiser considers to have been made in breach of this Contest terms and conditions.

c) Any submissions from any Instagram or Facebook accounts intended and/or discovered to be proxy accounts from another Instagram or Facebook account and/or otherwise discovered that it originates from a single participant

Redefining Homeownership – LBS Collaborates with 26 Partners for LBS Perks & Plusses

26 August 2023

For Immediate Release

Redefining Homeownership: LBS Collaborates with 26 Partners for LBS Perks & Plusses – Elevating the Experience

Your Homeownership Rewards & Benefits, Amplified

Petaling Jaya, 26 August 2023 – A leading people’s developer, LBS Bina Group Berhad (“LBS” or “Group”) is thrilled to unveil a pioneering initiative that is set to redefine the standards of customer engagement and satisfaction. Introducing the “LBS Perks and Plusses” Customer Loyalty Programme, a revolutionary concept designed to provide unparalleled benefits and rewards to esteemed homebuyers.

 

Through “LBS Perks and Plusses”, LBS aims to revolutionize the home buying experience by providing unparalleled benefits and rewards to its valued customers. These rewards will extend beyond the initial purchase, ensuring that our customers feel valued at every step of their homeownership journey.

 

What makes “LBS Perks and Plusses” distinctive is that we have an extensive and ever growing list of corporate partners with us, resulting in the diversification of services and products. To date, LBS has had the privilege to collaborate with 26 established partners, namely Acson, Blanc Dental, Bright Empire Hotpot, Columbia Asia Hospital, Coway, Decathlon, D’Marina Marketing, Everybody Electrical, Gintell, Goodnite, Hotel Brynton, Hypergear, KarangKraf, Kiddocare, LifeCare, M3 Mall, Mamee, Metroflex Global, OMS Kitchen, Panama Heights, Perfect Companion, Scapes Hotel, The Gigabit, The Tun Hussein Onn Eye Hospital, Watson’s, and ZUS Coffee.

 

LBS Executive Chairman, Tan Sri Ir Lim Hock San commented, “At LBS, we understand the significance of customer loyalty, and our commitment to excellence drives us to create exceptional residential spaces that inspire and elevate lifestyles. With “LBS Perks and Plusses”, we seek to strengthen our bond with homebuyers by offering a range of exclusive advantages and unique incentives.”

 

“LBS believes in providing unparalleled customer service. As part of this programme, our loyal customers will benefit from dedicated support channels to address queries and concerns promptly, reflecting our commitment to building lasting relationships and offering unparalleled value to those who have supported us throughout our journey”.

 

As a gesture of gratitude, participants are presented with an array of privileges, referral program, cash rebates for 2nd house purchases, including priority access to new project launches, exclusive property listings, and invitations to exclusive events. To top it off, homebuyers will also be entitled to the LBS Fabulous Extra 2022-23 campaign, winning RM 1,500,000 in exciting prizes.

 

Committed to establishing new benchmarks in customer satisfaction, LBS’s ambition is simple yet profound, to build exceptional connections with our customers and guarantee that their homebuying journey remains nothing short of extraordinary. “LBS Perks and Plusses” membership is complementary to any individual or corporate purchasers who has purchased properties with LBS and its subsidiaries with a minimum purchase price of RM150,000*. For more information and to embark on this journey of exclusive benefits, kindly visit the official “LBS Perks and Plusses” website at https://rewards.lbs.com.my/.

-End-

For Immediate Release

Redefining Homeownership: LBS Collaborates with 26 Partners for LBS Perks & Plusses – Elevating the Experience

Your Homeownership Rewards & Benefits, Amplified

Petaling Jaya, 26 August 2023 – A leading people’s developer, LBS Bina Group Berhad (“LBS” or “Group”) is thrilled to unveil a pioneering initiative that is set to redefine the standards of customer engagement and satisfaction. Introducing the “LBS Perks and Plusses” Customer Loyalty Programme, a revolutionary concept designed to provide unparalleled benefits and rewards to esteemed homebuyers.

 

Through “LBS Perks and Plusses”, LBS aims to revolutionize the home buying experience by providing unparalleled benefits and rewards to its valued customers. These rewards will extend beyond the initial purchase, ensuring that our customers feel valued at every step of their homeownership journey.

 

What makes “LBS Perks and Plusses” distinctive is that we have an extensive and ever growing list of corporate partners with us, resulting in the diversification of services and products. To date, LBS has had the privilege to collaborate with 26 established partners, namely Acson, Blanc Dental, Bright Empire Hotpot, Columbia Asia Hospital, Coway, Decathlon, D’Marina Marketing, Everybody Electrical, Gintell, Goodnite, Hotel Brynton, Hypergear, KarangKraf, Kiddocare, LifeCare, M3 Mall, Mamee, Metroflex Global, OMS Kitchen, Panama Heights, Perfect Companion, Scapes Hotel, The Gigabit, The Tun Hussein Onn Eye Hospital, Watson’s, and ZUS Coffee.

 

LBS Executive Chairman, Tan Sri Ir Lim Hock San commented, “At LBS, we understand the significance of customer loyalty, and our commitment to excellence drives us to create exceptional residential spaces that inspire and elevate lifestyles. With “LBS Perks and Plusses”, we seek to strengthen our bond with homebuyers by offering a range of exclusive advantages and unique incentives.”

 

“LBS believes in providing unparalleled customer service. As part of this programme, our loyal customers will benefit from dedicated support channels to address queries and concerns promptly, reflecting our commitment to building lasting relationships and offering unparalleled value to those who have supported us throughout our journey”.

 

As a gesture of gratitude, participants are presented with an array of privileges, referral program, cash rebates for 2nd house purchases, including priority access to new project launches, exclusive property listings, and invitations to exclusive events. To top it off, homebuyers will also be entitled to the LBS Fabulous Extra 2022-23 campaign, winning RM 1,500,000 in exciting prizes.

 

Committed to establishing new benchmarks in customer satisfaction, LBS’s ambition is simple yet profound, to build exceptional connections with our customers and guarantee that their homebuying journey remains nothing short of extraordinary. “LBS Perks and Plusses” membership is complementary to any individual or corporate purchasers who has purchased properties with LBS and its subsidiaries with a minimum purchase price of RM150,000*. For more information and to embark on this journey of exclusive benefits, kindly visit the official “LBS Perks and Plusses” website at https://rewards.lbs.com.my/.

-End-

About LBS Bina Group Berhad

LBS Bina Group Berhad (“LBS”), an internationally recognized developer with a vision for building and inspiring delightful spaces, is a renowned township developer that has amassed numerous awards through their various developments. By placing people at the heart of their approach, LBS has been building and shaping the nation’s landscape for over 30 years while continuing to meet the market demands for quality and affordable homes.

The continued success of LBS is attributed to the leadership of Executive Chairman, Tan Sri Lim Hock San. In recognition of his leadership, Tan Sri Lim was named as the Property Man of the Year by Malaysia Property Award (formerly known as FIABCI Malaysia Property Awards of Distinction or FIABCI Malaysia Awards of Distinction) in 2018, which is the gold standard for developers in the real estate industry. Further recognition received was the “Oscar Award” in the property fraternity. The award was in recognition of Tan Sri Lim’s perseverance and resilience over time within the industry, excellent demonstration of strong leadership, deep industry knowledge and impeccable values of integrity and responsibility.

To date, LBS with vast land banks spread across Malaysia, will continue to grow in stature and strength, through replicating successful townships such as Bandar Saujana Putra to other parts of Selangor including KITA @ Cybersouth in Dengkil, LBS Alam Perdana in Bandar Puncak Alam and so on. Beyond property development, LBS is also venturing into retail management, hospitality and tourism.

For more information, visit https://lbs.com.my/


Prepared by:
Corporate Communication, Media & Digital, LBS

Email: media@lbs.com.my


LBS Named as Top 5 Developer at MDA Award 2023

25 August 2023

For Immediate Release

LBS NAMED AS TOP 5 DEVELOPERS AT MDA 2023

  • Awarded with the Top of The Charts (under RM1 billion category) – Top 5

 

Petaling Jaya, 25 August 2023 – A renowned people’s developer, LBS Bina Group Berhad (“LBS” or the “Group”) is pleased to announce that the Group is a winner at the Malaysia Developer Awards (“MDA”) 2023 for the Top Of The Charts (under RM1 billion category) – Top 5 (“Award”). This marks the second consecutive year in which LBS has been bestowed with this prestigious Award. The Award was conferred by YB Tuan Haji Akmal Nasrullah bin Mohd Nasir, Deputy Minister of Local Government Development and Star Media Group CEO, Mr Alex Yeow, to the Deputy Chief Executive Officer of LBS, Mr Lucas Lim Kim Kiat at the awards ceremony held at M Resort & Hotel KL last night.

 

The MDA is a joint collaboration between Star Media Group and FIABCI- Malaysia. It aims to serve as a benchmark of excellence for property developers to elevate themselves to international standards and strengthen the Malaysian property industry in the global arena.

 

Winners were selected by a panel of esteemed judges and validated by official auditors based on their outstanding corporate performance and high governance standards.

 

Commenting on the award, LBS Chief Executive Officer, Datuk Wira Joey Lim,  said, “We are thrilled to have received this award for the second consecutive year. As the ‘People’s Developer’, LBS is committed towards exceeding expectations and delivering high quality projects that will benefit all. LBS’ main pillars of “Affordability, Connectivity and Community” resonate with this mission.

 

LBS yielded positive results for the recent Q2FYE2023 with PAT of RM36.7 million, seeing a Y-O-Y increase by 10.7%. The Group has secured RM 1.09 billion in total property sales and RM 373 million bookings as of 15 August 2023. These commendable numbers are testament that LBS are on the right track to maintaining a solid end to the year.

 

Being recognised at the MDA along other peers showcases that LBS is a key industry player and leader in the property sector. We continue to grow, and our strong financials and balance sheet are testament of our capabilities. We will not rest on our laurels and will continue to offer innovative products that fulfil the needs of the current and future generations with nothing less than the best.”

-End-

For Immediate Release

LBS NAMED AS TOP 5 DEVELOPERS AT MDA 2023

  • Awarded with the Top of The Charts (under RM1 billion category) – Top 5

 

Petaling Jaya, 25 August 2023 – A renowned people’s developer, LBS Bina Group Berhad (“LBS” or the “Group”) is pleased to announce that the Group is a winner at the Malaysia Developer Awards (“MDA”) 2023 for the Top Of The Charts (under RM1 billion category) – Top 5 (“Award”). This marks the second consecutive year in which LBS has been bestowed with this prestigious Award. The Award was conferred by YB Tuan Haji Akmal Nasrullah bin Mohd Nasir, Deputy Minister of Local Government Development and Star Media Group CEO, Mr Alex Yeow, to the Deputy Chief Executive Officer of LBS, Mr Lucas Lim Kim Kiat at the awards ceremony held at M Resort & Hotel KL last night.

 

The MDA is a joint collaboration between Star Media Group and FIABCI- Malaysia. It aims to serve as a benchmark of excellence for property developers to elevate themselves to international standards and strengthen the Malaysian property industry in the global arena.

 

Winners were selected by a panel of esteemed judges and validated by official auditors based on their outstanding corporate performance and high governance standards.

 

Commenting on the award, LBS Chief Executive Officer, Datuk Wira Joey Lim,  said, “We are thrilled to have received this award for the second consecutive year. As the ‘People’s Developer’, LBS is committed towards exceeding expectations and delivering high quality projects that will benefit all. LBS’ main pillars of “Affordability, Connectivity and Community” resonate with this mission.

 

LBS yielded positive results for the recent Q2FYE2023 with PAT of RM36.7 million, seeing a Y-O-Y increase by 10.7%. The Group has secured RM 1.09 billion in total property sales and RM 373 million bookings as of 15 August 2023. These commendable numbers are testament that LBS are on the right track to maintaining a solid end to the year.

 

Being recognised at the MDA along other peers showcases that LBS is a key industry player and leader in the property sector. We continue to grow, and our strong financials and balance sheet are testament of our capabilities. We will not rest on our laurels and will continue to offer innovative products that fulfil the needs of the current and future generations with nothing less than the best.”

-End-

About LBS Bina Group Berhad

LBS Bina Group Berhad (“LBS”), an internationally recognized developer with a vision for building and inspiring delightful spaces, is a renowned township developer that has amassed numerous awards through their various developments. By placing people at the heart of their approach, LBS has been building and shaping the nation’s landscape for over 30 years while continuing to meet the market demands for quality and affordable homes.

The continued success of LBS is attributed to the leadership of Executive Chairman, Tan Sri Lim Hock San. In recognition of his leadership, Tan Sri Lim was named as the Property Man of the Year by Malaysia Property Award (formerly known as FIABCI Malaysia Property Awards of Distinction or FIABCI Malaysia Awards of Distinction) in 2018, which is the gold standard for developers in the real estate industry. Further recognition received was the “Oscar Award” in the property fraternity. The award was in recognition of Tan Sri Lim’s perseverance and resilience over time within the industry, excellent demonstration of strong leadership, deep industry knowledge and impeccable values of integrity and responsibility.

To date, LBS with vast land banks spread across Malaysia, will continue to grow in stature and strength, through replicating successful townships such as Bandar Saujana Putra to other parts of Selangor including KITA @ Cybersouth in Dengkil, LBS Alam Perdana in Bandar Puncak Alam and so on. Beyond property development, LBS is also venturing into retail management, hospitality and tourism.

For more information, visit https://lbs.com.my/


Prepared by:
Corporate Communication, Media & Digital, LBS

Email: media@lbs.com.my


LBS Continues to Deliver Steady Net Profit

25 August 2023

For Immediate Release

LBS CONTINUES TO DELIVER STEADY NET PROFIT

  • Project launches with GDV of RM1.45 billion and bookings in the pipeline of RM373 million.
  • Total property sales of RM1.09 billion as at 15 August 2023.
  • As at 31 July 2023 – strong unbilled sales of RM2.50 billion.

Petaling Jaya, 21 August 2023 A renowned people’s developer, LBS Bina Group Berhad (“LBS” or the “Group”) today announced its second quarter results for the financial year ending 31 December 2023 (“Q2FYE2023”).

For the quarter under review, LBS delivered profit before tax of RM57.2 million and profit after tax of RM36.7 million, a year-on-year increase of 8.0% and 10.7% respectively for Q2FYE2023. This was on the back of a revenue of RM375.4 million. The Group reported a commendable set of financial results despite facing industry-wide challenges such as rising inflationary pressure.

For the six months ended 30 June 2023 (“6MFYE2023”), revenue clocked in at RM760.3 million. Meanwhile, profit after tax increased by 9.1% to RM73.1 million from RM67.0 million in comparison to the preceding year corresponding period. As at 30 June 2023, LBS’ cash and cash equivalents stood at RM258.4 million.

The Group announced that as at 15 August 2023, LBS has secured total property sales of RM1.09 billion with bookings in the pipeline of RM373 million. Furthermore, as at 31 July 2023, the Group has a land bank for future development of 2,916 acres, with unbilled sales of approximately RM2.50 billion. This provides earnings visibility for the next two to three years.

Commenting on the results, LBS Executive Chairman Tan Sri Ir. Lim Hock San said, “LBS has reported a commendable set of results this quarter. Our consistent performance throughout the quarters is testament that we are on steady footing. We hope to keep up our momentum in the second half of 2023.

We expect to complete and handover 8 projects in the second half of 2023. This should spur profitability and boost LBS’ cash position. Alongside this, we continue to launch projects according to plan. We have launched properties with a Gross Development Value (GDV) of RM1.45 billion this year and expect to launch a further RM1.64 billion for the rest of 2023. In addition, the take-up rate for our properties have been encouraging, especially in the Klang Valley region, showing that we are developing in the right locations and pricing our developments in accordance with our target demographic.

With the recent announcement from the Central Bank of Malaysia to maintain the overnight policy rate at 3.0%, the Group remains vigilant and nimble to push toward our 2023 sales target of RM2 billion. The Group continues to remain focused on its growth plans while prioritising its shareholders as it aims to elevate LBS to greater heights.”

-End-

For Immediate Release

LBS CONTINUES TO DELIVER STEADY NET PROFIT

  • Project launches with GDV of RM1.45 billion and bookings in the pipeline of RM373 million.
  • Total property sales of RM1.09 billion as at 15 August 2023.
  • As at 31 July 2023 – strong unbilled sales of RM2.50 billion.

Petaling Jaya, 21 August 2023 A renowned people’s developer, LBS Bina Group Berhad (“LBS” or the “Group”) today announced its second quarter results for the financial year ending 31 December 2023 (“Q2FYE2023”).

For the quarter under review, LBS delivered profit before tax of RM57.2 million and profit after tax of RM36.7 million, a year-on-year increase of 8.0% and 10.7% respectively for Q2FYE2023. This was on the back of a revenue of RM375.4 million. The Group reported a commendable set of financial results despite facing industry-wide challenges such as rising inflationary pressure.

For the six months ended 30 June 2023 (“6MFYE2023”), revenue clocked in at RM760.3 million. Meanwhile, profit after tax increased by 9.1% to RM73.1 million from RM67.0 million in comparison to the preceding year corresponding period. As at 30 June 2023, LBS’ cash and cash equivalents stood at RM258.4 million.

The Group announced that as at 15 August 2023, LBS has secured total property sales of RM1.09 billion with bookings in the pipeline of RM373 million. Furthermore, as at 31 July 2023, the Group has a land bank for future development of 2,916 acres, with unbilled sales of approximately RM2.50 billion. This provides earnings visibility for the next two to three years.

Commenting on the results, LBS Executive Chairman Tan Sri Ir. Lim Hock San said, “LBS has reported a commendable set of results this quarter. Our consistent performance throughout the quarters is testament that we are on steady footing. We hope to keep up our momentum in the second half of 2023.

We expect to complete and handover 8 projects in the second half of 2023. This should spur profitability and boost LBS’ cash position. Alongside this, we continue to launch projects according to plan. We have launched properties with a Gross Development Value (GDV) of RM1.45 billion this year and expect to launch a further RM1.64 billion for the rest of 2023. In addition, the take-up rate for our properties have been encouraging, especially in the Klang Valley region, showing that we are developing in the right locations and pricing our developments in accordance with our target demographic.

With the recent announcement from the Central Bank of Malaysia to maintain the overnight policy rate at 3.0%, the Group remains vigilant and nimble to push toward our 2023 sales target of RM2 billion. The Group continues to remain focused on its growth plans while prioritising its shareholders as it aims to elevate LBS to greater heights.”

-End-

About LBS Bina Group Berhad

LBS Bina Group Berhad (“LBS”), an internationally recognized developer with a vision for building and inspiring delightful spaces, is a renowned township developer that has amassed numerous awards through their various developments. By placing people at the heart of their approach, LBS has been building and shaping the nation’s landscape for over 30 years while continuing to meet the market demands for quality and affordable homes.

The continued success of LBS is attributed to the leadership of Executive Chairman, Tan Sri Lim Hock San. In recognition of his leadership, Tan Sri Lim was named as the Property Man of the Year by Malaysia Property Award (formerly known as FIABCI Malaysia Property Awards of Distinction or FIABCI Malaysia Awards of Distinction) in 2018, which is the gold standard for developers in the real estate industry. Further recognition received was the “Oscar Award” in the property fraternity. The award was in recognition of Tan Sri Lim’s perseverance and resilience over time within the industry, excellent demonstration of strong leadership, deep industry knowledge and impeccable values of integrity and responsibility.

To date, LBS with vast land banks spread across Malaysia, will continue to grow in stature and strength, through replicating successful townships such as Bandar Saujana Putra to other parts of Selangor including KITA @ Cybersouth in Dengkil, LBS Alam Perdana in Bandar Puncak Alam and so on. Beyond property development, LBS is also venturing into retail management, hospitality and tourism.

For more information, visit https://lbs.com.my/


Prepared by:
Corporate Communication, Media & Digital, LBS

Email: media@lbs.com.my

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